Physical therapy is the art of helping people
to deal with physical issues through the use of exercise,
manipulation, and medication.
The aim is to restore movement or function while minimizing any pain. It is important that any physical therapist is properly qualified and has the best interests of the patient at heart.
In the majority of cases,
this is true, but there are medical product suppliers that give ‘kick-backs’ to
encourage the use of their products. To show your authenticity, especially with
a new physical therapy clinic, it’s important to be aware of the sunshine act compliance & aggregate spend reporting
solution. It makes sure the link between a physical therapy clinic
and a supplier is transparent.
The first step in starting a physical therapy clinic is to
do your research. It’s important to confirm there is market availability. You
need to confirm what type of patients are in your area and what level of care
You then need to decide why they would choose your clinic
Don’t forget to have a look at existing practices, they will
be your competition.
The key to successfully starting a physical therapy clinic
is to select a niche that is currently under-populated or doesn’t even exist.
This will help to ensure you actually have customers when you open the doors. It will also help you to devise a marketing strategy.
Cash or Insurance?
You can opt to look after private patients and take cash for
your services; Alternatively, you can link with insurance companies and deal with patients
as they are referred to you.
It’s worth noting that insurance companies reduce the amount
of paperwork you have to do. But, they may also have low reimbursement rates,
putting financial pressure on your clinic.
You can’t start trading unless you are properly registered
and insured. Make sure you check with your local licensing board to ensure
you’ve ticked all the right boxes before you see your first customer.
It’s essential to know the rules as this could make a big
difference if you have any issues in the future. You should consider talking to
an attorney to get the best possible advice.
Once you know everything you need to do you need to create a complete business plan. This will provide an accurate picture of what funds you need to get started and how much income you’ll need to bring in.
This should help you to decide where your new business is
heading and, if necessary, to get financial backing. You can get commercial
finance, talk to family and friends, or even try investors.
Get the Right Spot
Having thoroughly researched the market you’ll know where
your business needs to be and will have to start looking for the right premises
there. The building needs to offer a waiting area and a treatment room, as well
as adequate parking.
You can then negotiate your lease and start advertising your